Hotel Leisure Advisors
Congratulations to our client, Bart Blatstein with Tower Investments, on the recent groundbreaking of Island Waterpark in Atlantic City. The waterpark will be adjacent to the Showboat Hotel. H&LA was proud to work with the developer on the feasibility study for this assignment and we wish the client best of luck with development. Published by:
H&LA was proud to provide consulting services to WhiteWater, a leading global manufacturer and designer of waterpark equipment, to analyze the performance impact of WhiteWater waterpark equipment such as water slides, interactive multi-level water play structure, FlowRiders, lazy rivers, and wave pools, on hotels and resorts. WhiteWater’s report highlights the results of H&LA’s global survey
Check out the latest from Hotel News Now what the hotel development environment will look like for 2022 as we face another year of uncertainty. Published by: Sean McCracken/Hotel News Now Published date: January 2022 Hotel developers looking to build new properties have an easier path in 2022 compared to 2021 and 2020, but the
H&LA’s recent research for project in Fredericksburg, Virginia revealed some exciting new hospitality-related developments happening in the area. These developments will have an impact on tourism, employment, and the general economy in Fredericksburg and the surrounding areas in 2021 and beyond. On-going pandemic concerns may alter timelines for some of these projects. A new ballpark
David J. Sangree, MAI, CPA, ISHC attended the 2021 IAAPA Expo in Orlando. David conducted a session on the effects of COVID 19 on the waterpark industry in 2020 and growth projections for 2021 and beyond. Some key takeaways from the session include: Confidence is high that attendance will return to pre-COVID-19 levels by 2023.
David J. Sangree, MAI, CPA, ISHC and Chris Ballou, CHIA attended the 2021 IAAPA Expo in Orlando. It was great to see so many in the industry back at an in-person event. Here are some key takeaways from the convention: David (along with industry leaders from Great Wolf Lodge, Six Flags, Splash Lagoon, and Typhoon
H&LA’s recent research for projects in Sandusky and Port Clinton, Ohio revealed some exciting new hospitality-related developments happening in the area. These developments will have an impact on tourism, employment, and the general economy in Sandusky and Port Clinton and the surrounding areas in 2021 and beyond. On-going pandemic concerns may alter timelines for some
Congratulations to our client, Bayou Phoenix, on being chosen by the city of New Orleans to develop a STEM center, hotel, waterpark, amusement park, and sports complex. H&LA was please to prepare the preliminary feasibility analysis for the waterpark and we wish Bayou Phoenix best of luck with this exciting and expansive development! Published by:
H&LA’s recent research for a project in Las Vegas, Nevada revealed some exciting new hospitality-related developments happening in the area. These developments will have an impact on tourism, employment, and the general economy in Las Vegas and the surrounding areas in 2021 and beyond. On-going pandemic concerns may alter timelines for some of these projects.
David J. Sangree, MAI, CPA, ISHC and Nuresh Maredia, CHIA attended the World Waterpark Association annual conference in San Antonio, Texas in October 2021. After missing a year due to the COVID pandemic, it was great to see many familiar faces and meet new people at the conference as well. Here are some key highlights
Congratulations to our client, Blue Ocean Development, who is set to break ground soon a TownePlace Suites by Marriott on the site of Spire campus in Geneva, Ohio. This hotel will accommodate the growing demand at Spire and the Geneva area. It was pleasure to work with Blue Ocean on the hotel feasibility study for
Latest from CoStar News/Hotel News Now on the expected pandemic-related discounts for hotel sales the pandemic that never really materialized. Published by: Dana Miller/Hotel News Now Published date: October 2021 The level of distressed pricing that hotel investors expected to see during the pandemic hasn’t materialized, and hoteliers now must update their expectations. Jim Chu,
H&LA’s David Sangree got the chance to weigh in with Cleveland.com on an article about new downtown Cleveland hotel projects and what these projects mean for the future of the Cleveland hospitality market post-pandemic. Published by: Susan Glaser/Cleveland.com Published date: October 2021 It’s too early to celebrate the end of the pandemic’s effect on Cleveland’s
H&LA’s David Sangree provided a quote for a recent Crain’s Cleveland Business article on the rise of commercial property owners seeking tax over pandemic related losses. Published by: Michelle Jarobe/Crain’s Cleveland Business Published date: September 2021 Commercial property owners in Cuyahoga County say the pandemic dealt them a $581 million blow — and they’re seeking
Published by Jan Freitag/CoStar Analytics Published date: September, 2021 It is hard to point to a commercial property asset class that has taken a harder hit than hotel development sites. In 2019, land sales designated for hotel, motel or hospitality use totaled $626 million. Last year, the sales volume for hotel development sites collapsed to